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Thursday, December 9, 2010

According to TNT Editorial Board: Obama didn't get mugged in deal with GOP

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TNT editorial:

Obama didn't get mugged in deal with GOP


There’s a lot more to Obama’s tax-cut deal with Republicans than you’d imagine from the Democratic hand-wringing over it.
[snipped]
But a closer look at the deal – the actual deal, not the symbolic one – tells a different story.
[snipped]
This is a far more complex deal than partisan rhetoric (and moaning) makes it out to be. Economists are impressed, and are raising their projections for job creation and growth on the assumption that Congress will ratify the deal.

In politics, where symbolism reigns, it’s often easier to get angry over the other side’s wins than celebrate one’s own. In this case, congressional Democrats ought to voice their anguish, pocket their victories, approve the deal and move on.

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